Join Altan Insights as we highlight trading activity across the various alternative marketplaces with a combination of charts and penned analysis to help investors track trends and price movements that impact their portfolio.
For the fourth straight week, assets on Collectable closed with a positive average return. Across 158 traded assets, the average return was 2.06% while sports memorabilia climbed 5.42% on average and sports cards gained 1.03%. The lineup of top-performers this week was diverse, with game-worn jerseys, card baskets, photos, and jockstraps all represented.
The best-performing asset this week was a Game-Worn Luka Doncic Jersey. The jersey is photo matched to 9 games and is the only piece of Luka memorabilia on Collectable's platform after investors accepted a buyout offer for a pair of 2019 game-worn sneakers. The Luka jersey is still down -2.5% overall but has climbed 69.9% over the last thirty days. Closing in second was a basket of 2017 Prizm Bonze Star Patrick Mahomes cards. The Bronze basket is still down -6% overall but jumped 38.24% this week. Rounding-out the top three was a Type III Photo featuring Lou Gehrig. The Gehrig photo, dated to 1925, was used for Lou's iconic Exhibit rookie card. The photo is still down -10% overall but gained 37.4% this week after dropping -34.5% last week.
Losses were limited this week as only two assets fell more than -20%. This marked the first week of 2022 where no offering fell more than -30% on Collectable and is the first time this year that less than 3 assets dropped more than -22%. The Corey Seager Orange Refractor Basket was the worst-performing offering as it fell -27.6%. The Seager basket was the best performing offering on Collectable last week after it gained 185.71%. The only other asset to drop more than -20% was a 2018-19 Flawless Green Trae Young card which dropped -22.18% and is now down -7% overall since IPO.
Wrestling was the best-performing sport this week as the sport gained 22.54% and was propelled by a game-worn jockstrap from legend Andre the Giant which gained 29.51%. Basketball was the runner-up with a 3.28% average while golf gained 2.41%. Soccer was the worst-performing sport this week as the world's game fell -7.04% while boxing bounced -1.58% lower.
Sneakers soared this week on Otis as one offering, the Nike Air MAG's climbed 1,500%. While the average return this week on Otis was 15.02%, the median was still 0%. If you remove the single pair of sneakers, the average return across the remaining 117 assets would be 2.32% and the average for sneakers drops from to 84.34% to 5.56%.
The second best-performing asset this week on Otis was the WATA 9.8 graded copy of NBA Jam. The video game gained 114.29% in its first full week of trading and helped video games close with a 10.41% average return. This marked the first week that a book traded on Otis and the offering, a first edition copy of Harry Potter & the Philosopher's Stone, gained 36.36%.
After gaining more than 15% last week, card games fell -3.22% to close as the worst-performing asset class on Otis. Sports struggled this week on the platform as cards crumbled with a -1.33% average return and memorabilia moved -0.94% lower. Overall, ten different assets gained at least 20% on Otis this week while only two offering fell more than -20%.
Last week marked the best week of performance on Rally in 2022 as the platform delivered an average return of 4.48%. This week, performance fell flat as the average return closed at -0.04% across 294 traded assets.
Leading the way this week was the 2020 Topps Lewis Hamilton Signed Patch Card which climbed 135.71%. The Hamilton card is the first F1 offering to trade on any fractional secondary market and now carries a market cap of $82,500 after opening at a $35,000 valuation. Finishing in second this week was the 1956 Topps Hank Aaron card. The '56 Topps featuring "Hammerin' Hank" was the second worst-performing asset last week after it fell -44.05% but the vintage baseball cardboard rebounded and gained 70.21% this week. Closing in third and fourth was the 1997 Playstation Final Fantasy VII and the 1988 Lamborghini LM002 which gained 47.5% and 33.3% respectively.
In its first week of trading, the Steve Jobs Jacket fell -53.33% to close as the worst-performing asset. The four worst-performing offerings were all trading for their first full week as the Meebit #11275 dropped -48.75% and the 2005 Topps Jay-Z Card crumbled -45% while the Apple iPad slipped-38.46%. In total, 294 different assets traded across eleven different asset classes. Video games were the best-performing sector with a 4.74% average return while sports memorabilia and sports cards gained 1.9% and 1.4% respectively. Memorabilia fell -7.06% followed by comic books which dipped -1.97%.
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